Teamster Members Retirement Plan
- Assets
- $851.7m
- Revenue
- $51.5m
- Investments
- $593.5m
- Employees
- 6
- Location
- Carol Stream, IL
- Founding
- 06/1971
- Data as of
- 06/2021
- EIN
- 36-2164320
Organization Overview
Teamster Members Retirement Plan is located in Carol Stream, IL. The organization was established in 1971. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2021, Teamster Members Retirement Plan employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamster Members Retirement Plan is a 501(c)(18) and as such, is described as a "Employee Funded Pension Trust" by the IRS.
For the year ending 06/2021, Teamster Members Retirement Plan generated $51.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $90.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MULTIPLE UNION PENSION PROGRAM PROVIDING BENEFITS TO PARTICIPANTS BASED ON THEIR CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIPLE UNION PENSION PROGRAM PROVIDING BENEFITS TO PARTICIPANTS BASED ON THEIR CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Mitchell Executive Director | Officer | 40 | $183,731 |
Patrick Lopresti Chairman, Board Of Trustee | OfficerTrustee | 5 | $0 |
Kevin Moore Vice Chairman, Board Of Tr | OfficerTrustee | 5 | $0 |
Michael Stafford Secretary | OfficerTrustee | 5 | $0 |
Perry Kettner Trustee | Trustee | 5 | $0 |
Joseph Inemer Jr Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Street Global Advisors Investment Management | 6/29/21 | $193,596 |
Marquette Associates Investment Consultant | 6/29/21 | $180,000 |
Northern Trust Company Investment Management | 6/29/21 | $178,801 |
Pimco Investment Management | 6/29/21 | $115,846 |
Lsv Asset Management Investment Management | 6/29/21 | $103,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,602 |
| Total Program Service Revenue | $9,924,259 |
| Investment income | $11,459,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,250 |
| Net Gain/Loss on Asset Sales | $29,972,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,507,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $87,780,443 |
| Compensation of current officers, directors, key employees. | $226,927 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $317,243 |
| Pension plan accruals and contributions | $31,335 |
| Other employee benefits | $83,775 |
| Payroll taxes | $36,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140,082 |
| Fees for services: Accounting | $50,700 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,179,523 |
| Fees for services: Other | $253,324 |
| Advertising and promotion | $0 |
| Office expenses | $119,987 |
| Information technology | $47,298 |
| Royalties | $0 |
| Occupancy | $27,808 |
| Travel | $3,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,605 |
| Insurance | $122,837 |
| All other expenses | $0 |
| Total functional expenses | $90,482,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,211,909 |
| Savings and temporary cash investments | $1,225,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $800,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,504 |
| Net Land, buildings, and equipment | $6,720 |
| Investments—publicly traded securities | $244,990,701 |
| Investments—other securities | $593,535,077 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,820,654 |
| Total assets | $851,661,289 |
| Accounts payable and accrued expenses | $243,438 |
| Grants payable | $0 |
| Deferred revenue | $7,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,346,176 |
| Total liabilities | $14,596,614 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $837,064,675 |
| Total liabilities and net assets/fund balances | $851,661,289 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamster Members Retirement Plan Carol Stream, IL | $851,661,289 | $51,507,103 |
Pds Veba Tr Des Moines, IA | $73,948 | $67,610,972 |
Ipers Galleria North Tower I Inc Chicago, IL | $136,909,947 | $12,697,770 |
Ipers Rivergate Inc Chicago, IL | $61,988,066 | $6,383,290 |
Village Discount Outlet Participant Benefit Trust Blue Island, IL | $126,653 | $881,980 |
Midwest Unitarian Universalist Foundation Chicago, IL | $4,144,891 | $219,487 |
Irwin Management Company Inc Voluntary Employee Beneficiary Evansville, IN | $2,110,442 | $233,241 |